LQ Consultants has brought you the key highlights of important judgements on Transfer Pricing litigations for the month of March 2022.
One can update themselves with the link given below: https://t.co/4aejfNAV8s
CBDT has issued guidelines under section 194-O, section 194Q, and section 206C in order to remove difficulties. The summary is given below:-
#CBDT#updates#TDS#TCS#incometax
On 20.09.2021, CBIC had issued certain clarification giving effects to the key decision made in 45th GST Council Meet.
The update can be accessed through this link: https://t.co/nMBF1LmRL4
#cbic#gstupdates#tax#gstcouncilmeet
The 45th GST Council Meeting convened in Lucknow on 17th September, 2021 for its first physical meeting in 20 months with a packed agenda. A plethora of decisions & recommendations were made. The summary is duly attached:
#CBIC#GST#GSTCouncilMeeting#Compliance#return
CBIC has issued clarification regarding the extension of limitation under GST law in terms of honβble supreme court's order vide circular dated 20.07.2021.
Please find below the summary for the clarification
#CBIC#Clarification#GSTUPDATE#SupremeCourt
Service export benefit under #SEIS scheme has been approved for FY 2019-20 with the financial allocation of INR 2061 CR along with suitable caps.
SEPC_INDIA had been regularly communicating for the same with the concerned authorities.
#MEIS#SEIS#SPEC#export#FTP
The Finance Act, 2021 has introduced new sections 194Q, 206AB, and 206CCA which are effective from 1st July 2021. CBDT has issued Section 206AB and Section 206CCA vide circular no. 11/2021 on 21st June 2021.
Here is the summary and the process for your reference.
On consideration of hardship being faced by the taxpayers in making various compliance under Income Tax Act, 1961 in this severe pandemic, CBDT provides relaxation of various compliances. Income tax due date extension summary chart is given below:
#tax#incometax#CBDT
CBIC has issued a circular on 21.06.2021 for clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dt. 21.03.2020. The summary is given below:-
#cbic#gstupdate#QRcode#circular